Nucor Corporation $NUE Shares Sold by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH decreased its stake in Nucor Corporation (NYSE:NUE) by 35.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 266 shares of the basic materials company’s stock after selling 148 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Nucor were worth $34,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Diamond Hill Capital Management Inc. acquired a new position in Nucor during the first quarter worth about $194,804,000. Nuveen LLC acquired a new position in Nucor during the first quarter worth about $141,216,000. Vanguard Group Inc. boosted its position in Nucor by 2.6% during the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock worth $3,484,965,000 after acquiring an additional 745,671 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Nucor by 355.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 539,310 shares of the basic materials company’s stock worth $72,327,000 after acquiring an additional 420,970 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Nucor by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock worth $277,920,000 after acquiring an additional 355,364 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Activity at Nucor

In other news, EVP Daniel R. Needham sold 7,200 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $146.00, for a total value of $1,051,200.00. Following the completion of the transaction, the executive vice president owned 92,179 shares in the company, valued at approximately $13,458,134. This represents a 7.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kenneth Rex Query sold 10,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the completion of the transaction, the executive vice president owned 84,080 shares of the company’s stock, valued at approximately $12,183,192. The trade was a 10.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,309 shares of company stock worth $4,553,771. Corporate insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

NUE has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of Nucor from $146.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 18th. Bank of America lifted their target price on shares of Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. The Goldman Sachs Group reduced their target price on shares of Nucor from $182.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $170.00 in a research note on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.60.

Nucor Price Performance

Shares of NUE opened at $144.33 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.83 and a debt-to-equity ratio of 0.31. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $170.52. The company has a market cap of $33.13 billion, a P/E ratio of 26.05, a PEG ratio of 1.03 and a beta of 1.75. The firm’s 50 day moving average price is $140.43 and its 200 day moving average price is $131.23.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.30 by $0.33. Nucor had a net margin of 4.21% and a return on equity of 6.65%. The company had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The firm’s revenue was up 14.5% on a year-over-year basis. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, research analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Nucor’s dividend payout ratio is presently 39.71%.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.